Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Property Reference Number 5300052585
Building Area Gross

Property description

The subject property comprises a purpose-built ground floor restaurant premises with four floors of residential accommodation sold off above. The ground floor accommodation comprises an open plan restaurant area fitted out to the tenant’s standard specification. The rear area has been subdivided to provide a kitchen area, male and female customer toilets, ancillary staff accommodation, office and plant room.


The restaurant has a predominantly glazed elevation at the front of the property, which is retractable along the Islington Green Frontage, with the added benefit of an outside seating area. All servicing is directly into the ancillary areas of the accommodation via Collins Yard.

Investment highlights

  • Located in Islington, one of London’s most desirable and affluent borough’s
  • Only 2 miles north east of the West End and 1.5 miles north of The City of London.
  • Prominent landmark position on the northern end of Islington Green, in the heart of Upper Street’s famous bar and restaurant offering.
  • Ground floor restaurant occupied by Bellanger Brasserie with approximately 13.75 years to expiry and no breaks
  • Rent of £300,000 per annum
  • Lease guaranteed by Mitchells and Butlers Leisure Holdings Ltd who have reported a net worth of £251.1 million
  • Virtual Freehold.
  • Seeking offers in excess of £4,750,000 (Four Million Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 5.91%, assuming standard purchasers’ costs. 
Last Updated Date: 13 Oct 2021
Richard Brown
Richard Brown
Director - UK Retail Investment
Peter Ramsbotham
Peter Ramsbotham
Surveyor Retail Investment

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Last Updated Date: 13 Oct 2021

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